In both residential property categories—single-family homes and condos/townhomes—sales have risen for the 11th consecutive month in Southeast Florida.
From the beginning of the year through the end of July 2026, sales of single-family homes in the region rose by 9 percent. Sales increased in all counties: Miami-Dade (8.9 percent), Broward (7.3 percent), Palm Beach (11.6 percent), Martin (18.2 percent), and St. Lucie (3.0 percent).
For condos and townhomes, transactions have risen by 6.8% since January 2026. Once again, the increase in sales is evident across all counties in the region: Miami-Dade (6.8%), Broward (1.0%), Palm Beach (11.3%), Martin (25.7%), and St. Lucie (9.2%) . Noteworthy here are the performances of certain cities with a fairly strong French-speaking presence: Fort Lauderdale (+4%), Deerfield Beach (+8%), Hollywood (+4%), Delray Beach (+9%), Boynton Beach (+9%), Aventura (+18%), and Sunny Isles Beach (+3%).
The median price of single-family homes rose in July 2026 in all counties: Palm Beach (+7.6%), Broward (+4.8%), Martin (+4.3%), Miami-Dade (+3.8%), and St. Lucie (+2.6%).
The situation is more complicated for condos and townhomes: the median price rose only in Palm Beach County (for the fifth consecutive month) and is beginning to rebound in St. Lucie County (+13.3%). Prices are still falling in Miami-Dade (-1.5%), Broward County (-3.8%), and Martin County (-10.7%).
By city, there are significant variations, and in Broward County, prices are rising in Fort Lauderdale (+33%), Pompano Beach (+9%), and Hollywood Beach (+5%).
Toward a Seller’s Market
The inventory of properties for sale is tightening: as of the end of July 2026, there were nearly 18% fewer residential properties for sale compared to last year in Southeast Florida, with a 22% decline in single-family homes and a 15% decline in condos and townhomes.
With inventory on the decline, buyers have less room to negotiate, and sellers are accepting, on average, only 4 to 5% price reductions for single-family homes, and 6 to 8% for condos and townhomes.
The supply of single-family homes is particularly low (less than three months’ supply) in Sunrise, Coral Springs, Pembroke Pines, Cooper City, and Coconut Creek in Broward County; and in Boca Raton and Jupiter in Palm Beach County.
But for condos and townhomes, inventory remains very high in some cities, such as Hallandale Beach (19 months), Hollywood (14 months), Fort Lauderdale and Sunrise (10 months), Pompano Beach (nine months), as well as Deerfield Beach, Pembroke Pines, and Tamarac (eight months). Coconut Creek and Davie have seven months of inventory.
In Miami-Dade County, the market is even more saturated: Miami (16 months), Miami Beach (12 months), Aventura (17 months), and Sunny Isles Beach (19 months).
Despite this, the market rebound in Southeast Florida is expected to continue, as the job market—boosted by migration into the tech, healthcare, and finance sectors—is driving a 6.8% increase in average weekly wages by June 2026, compared with the national increase of 3.4%.
Experts expect this trend to continue in August, as pending sales in July exceeded the sales recorded in the same month in Miami-Dade and Broward.
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